The S&P 500
rose Monday and closed at a fresh record high as Wall Street looked toward several mega-cap tech earnings reports and the Federal Reserve’s rate policy decision.
The benchmark index climbed 0.76% to 4,927.93, topping its highest ever close of 4,894.16, reached Jan. 25. The Dow Jones Industrial Average
added 224.02 points, or 0.59% to close at 38,333.45, while the Nasdaq Composite
gained 1.12% and settled at 15,628.04.
It was the sixth record close for the S&P 500 and the Dow.
This week marks the busiest slate of the earnings season, with 19% of the S&P 500 reporting earnings. Mega-cap tech names Microsoft
, Apple
, Meta
, Amazon
and Alphabet
— part of the core group of big tech companies that have led this year’s rally — will be posting their results. Investors will also keep an eye on several Dow components reporting their quarterly earnings, including Boeing
and Merck